Sees improvement from the $4.05 on a y/y basis. Says the company also shared in September that “We expected to maintain or improve margin at FEC, and we expect that to be on the improvement side for FEC.” Expects there will be some margin contraction at freight “consistent with what’s happening in the industry.” Comments taken from the Baird 55th Annual Global Industrial Conference.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FDX:
- FAA announced EAD sent to operators of MD-11, MD-11F airplanes
- Boeing advises operators of MD-11 Freighter to suspend flight operations
- FedEx says made ‘necessary operational modifications’ to meet FAA directive
- FedEx price target raised to $280 from $250 at Wells Fargo
- FedEx Amends Credit Agreements for Spin-Off Plans